Switched on! Philippines pushes out curve

The Southeast Asian country became the second sovereign to issue a dollar bond this year, swapping 14 old bonds for a new 25-year note.
January 19, 2017

The Republic of the Philippines priced a $2 billion 25-year bond on Thursday morning, taking a proactive approach to lower its dollar funding cost amid widespread expectations of US interest rate hikes later in the year.

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